Risk culture: why does it differ according to countries?

Lecture International
On the  October 13, 2022Remote, Saint-Martin-d'Hères - Domaine universitaire
“Are you risky?”. The answer is “It depends”. Each of us has different risk perception scale. Some people are afraid of sharks living whole their life in Central Europe. We perceive risk differently because of differences in our brain processing, but its not the only factor.
The idea of risk culture is increasingly used among professionals, especially after the financial crisis in 2008, to describe the process of risk perception and the ability to manage it. With this background, formation of the concept of risk culture is the result of the accumulation of experience about the negative effects of risks. There are numerous studies that show differences in the perception of risk in different environments (age, nation etc.). Using this basis, we can assume that there are differences in the risk cultures, too.
Every nation has passed its own historical way of forming ideals, values and behavior under uncertainty and risk. For example, the perceiving of investment risk is different across countries. From our point of view, it is also associated with risk culture, with modes of behavior of people in situations of uncertainty. That is, a society based on its own history, formed the algorithm of risk perception and behavior under uncertainty. The presentation is going to show the main factors of “national” risk culture and the examples based on different countries. 

The lecture will be held in English (B2 level is sufficient).

Speakers:

  • Associate prof. of Economics Lyubov KLAPKIV - Department of Insurance and Investment, Maria Curie-Skłodowska University in Lublin, Poland
  • Prof. Faruk ULGEN, Head of Distance Learning Programsand International Relations - Department of Economics, Université Grenoble Alpes
The conference is now finished but it has been made available on line. 
Published on  July 6, 2022
Updated on  October 18, 2022